Petrobras Books 22% Jump in Profit for Q3

Brazil’s Petrobras reported a 22% increase in its third-quarter net profit, which came in at around $5.7 billion. Thanks to the strong profit figure, Petrobras said it would distribute a total dividend of $3 billion. Petrobras also reported a 3.8% dip in earnings before tax, interest, depreciation, and amortization, which was in line with analyst expectations, and a 3.8% increase in net revenues from sales. Separately, Petrobras said in a filing that it had boosted investments by 31% more during the third quarter compared to a year earlier,...